Media reported about Facebook’s plans to launch its own cryptocurrency

Facebook intends to launch its own cryptocurrency. This is reported by the portal Cheddar referring to informed sources in the company.

The Cryptocurrency will be used to conduct electronic payments within the social network. According to sources, the work of Facebook in this area can take years and will require the purchase of other companies that work on blockchain and cryptocurrencies technologies.

It is noted that Facebook, unlike Telegram, has no plans to conduct ICO, that is, to put on public sale a limited number of tokens.

Earlier it was reported that Facebook had the largest personnel reshuffles to create a blockchain division.

The founder of the social network Mark Zuckerberg in January this year promised to look at the cryptocurrencies market. Source: gazeta.ru